Dbm Family Foundation
- Assets
- $238.0k
- Revenue
- $14.7k
- Investments
- $210.7k
- Employees
- 0
- Location
- Haymarket, VA
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 20-1119103
Organization Overview
Dbm Family Foundation is located in Haymarket, VA. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dbm Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Dbm Family Foundation generated $14.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $15.4k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dbm Family Foundation has awarded 72 individual grants totaling $102,803. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES AND PROVIDES RELIEF TO PERSONS IN THE UNITED STATES AND INDIA THROUGH CONTRIBUTIONS AND GRANTS TO OTHER CHARITIES AND NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vipul V Parikh President/director | 1 | $0 | |
Viraj A Parikh Secretary/treasurer/director | 4 | $0 | |
Virendra M Parikh Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,502 |
| Interest on Savings | $37 |
| Dividends & Interest | $5,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,123 |
| Capital Gain Net Income | $3,975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $852 |
| Total Revenue | $14,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,626 |
| Contributions, gifts, grants paid | $13,801 |
| Total expenses and disbursements | $15,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,264 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $237,981 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dbm Family Foundation has awarded $13,801 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SANKARA EYE FOUNDATION PURPOSE: SERVE HUMANITY PROMOTE RURAL AREA | $600 |
AKSHAYA PATRA USA PURPOSE: PROMOTE HINDU RELIGION | $1,000 |
WAMU 885 FM AMERICAN UNIVERSITY PURPOSE: PROMOTE HIGHER EDUCATION | $100 |
ARSHA VIDHYA PITHAM PURPOSE: PROMOTE HIGHER EDUCATION | $1,000 |
EKAL VIDYALAYA FOUNDATION OF USA PURPOSE: PROMOTE HIGHER EDUCATION | $3,650 |
SUPPORT -A- CHILD PURPOSE: SERVE HUMANITY PROMOTE RURAL AREA | $1,250 |